FAIRVIEW LIMITED

LLOYDS BANK PLC

LLOYDS TSB BANK PLC

FIXED AND FLOATING SECURITY DOCUMENT

THE ROYAL BANK OF SCOTLAND PLC, SECURITY TRUSTEE ON BEHALF OF ITSELF ANDTHE BANKS AND FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTIES TO THE SECURED DOCUMENTS

A SUPPLEMENTAL DEBENTURE MADE BETWEEN THE COMPANY, CERTAIN OF ITS SUBSIDIARIES AND THE SECURITY TRUSTEE SUPPLEMENTAL TO A COMPOSITE GUARANTEE AND DEBENTURE DATED 22 FEBRUARY 2001 (AS DEFINED) (SUCH COMPOSITE GUARANTEE AND DEBENTURE AS AMENDED BY A SUPPLEMENTAL DEBENTURE DATED 27 MARCH 2001 AND MADE BETWEEN FAIRVIEW NEW HOMES (CAMBERWELL) LIMITED AND THE SECURITY TRUSTEE)

THE ROYAL BANK OF SCOTLAND PLC (THE "SECURITY TRUSTEE")ON BEHALF OF ITSELF AND THE BANKS AND FINANCIALINSTITUTIONS FROM TIME TO TIME PARTIES TO THE SECURED DOCUMENTS

COMPOSITE GUARANTEE AND DEBENTURE MADE BETWEEN FAIRVIEW HOLDINGS PLC (THE "TARGET"), CERTAIN OF ITS SUBSIDIARIES (INCLUDING THE COMPANY) AND THE SECURITY TRUSTEE (THE "DEBENTURE")